Stocks in Focus on July 19, 2021: IRPC and KTC

Stocks in Focus on July 19, 2021: IRPC (TP at ฿4.60/share) and KTC (TP at ฿91.00/share).


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 19, 2021.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on IRPC Public Company Limited (IRPC) with a target price at ฿4.60/share.

AWS expected 2Q21 net profit to drop 20% QoQ, but turn from loss in 2Q20 which increased production capacity and Market GIM recovering, driven by price difference in petrochemical business, while overall petrochemical 2H21 is also pressured by new supply increases but AWS believed that GRM will recover gradually.

The securities company revised its earnings forecast for 2021-20 more to reflect margin recovery. Recommend a “Buy” after the share price has dropped 8.3% in the month with a target price of ฿4.60/share.

 

KGI Securities has given a “BUY” recommendation on Krungthai Card Public Company Limited (KTC) with a trading value of ฿91.00/share.

KGI Securities stated that KTC has been performing well in the past two quarters even with three waves of Covid-19 outbreak as the company has a well-managed asset quality, resulting in a decline in NPLs. Moreover, the revenue recognition from KTBL will extend its growth as well.

KTC’s 1H21 earnings equaled 53% of KGI Securities’ 2021 estimate, which could widen its earnings forecast in 2021. The securities company chose KTC as top pick in non-bank sector, giving a target price at ฿91.00/share, based on P/E 29x and PEG at 1x.

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